The United Kingdom’s antitrust watchdog has blocked Facebook’s acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images. The Competition and Markets Authority said Tuesday that the deal would let Facebook, which has been renamed Meta, “increase its already significant market power” by denying or limiting other platforms’ access to Giphy GIFs and driving traffic to Facebook-owned sites. It’s reportedly the first time the watchdog has sought to unwind a tech deal.
Coronavirus
Germany mulls new Covid restrictions as Omicron advances
Berlin (TIP): Germany’s leaders are set to consider possible new restrictions and changes to quarantine rules on January 7 as the new Omicron variant advances quickly. Chancellor Olaf Scholz and the country’s 16 state governors […]
Incredible India
Visit to Karripode village in God’s own country
Murli Menon One has just returned after a close encounter with nature at Karripode village in Kerala State. Karripode is a 30 minute drive away from Palakkad, on the fringes of the “Neliampathy Hills”. One […]
United States
Trump signs $900 Billion Covid Relief Bill
WASHINGTON (TIP): President Donald Trump signed a $900 billion pandemic relief package on Sunday, December 27, ending days of drama over his refusal to accept the bipartisan deal, which will deliver long-sought cash to businesses […]
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